The correct response is:
C. $190,301.870.
Explanation:
A down payment of 14% amounts to 0.14(170500) = $23,870.
2% of closing costs equates to 0.02(170500) = $3410.
When we sum these amounts with the loan payment of $163,021.87, the total becomes:
163021.87+23870+3410 = 190301.87
Answer: c. We can state with 95 percent confidence that the percentage of individuals surveyed who regard climate change as a significant issue is between 0.146 and 0.214.
Step-by-step explanation:
Interpretation of the 95% confidence interval :
This means one can be 95% certain that the actual proportion in the broader population falls within this range.
From the provided details, we identify the population parameter as p (the proportion of individuals that believe in climate change )
As a result, the 95 percent confidence interval is represented as (0.146, 0.214)
Interpretation: We can assert with 95% confidence that the actual population proportion of individuals who perceive climate change as a problem ranges from 0.146 to 0.214.
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c. We are 95 percent confident that the proportion of people in the sample who think climate change is a problem is between 0.146 and 0.214.
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